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think you can do all of this and solve the fiscal ills just raising taxes? what -- who is to blame kids if they think, well, i'm okay. i needn't worry. >> neil, i think the problem is deeper than that. the problem is simply this. the young people are going to pay need bills as i just said before, and guess what? they are not voting on head starts. they are not voting on the war in iraq or any of this stuff. who votes in america today, neil? senior citizens do. it's not any kind of mystery why we can't cut programs like medicaid, medicare, and social security that people get the benefits are the ones who vote. that really is a problem. if we want to get people like charlie's generation, their voice heard, they have to get out own vote for policies and protect their own financial interests. neil: but, charlie, you were telling me something interesting last time you were here, in the heart of hearts, young people you talked to are not that optimistic they'll see social security or medicare, are they? >> not really. you asked them -- a classroom i went to, how many of you receive social sec
a huge tax increase to pay for it. of course it costs more. >> the president was telling us this is what he has planned. obamacare is not a single payer plan which is national health care. but isn't that in fact what it is turning into? >> well, i think that there is going to have to be a single plan if we are going to reduce health care costs in society. will this reduce the deficit? no. it depends on what your goal is here. is your goal here to provide health care to people because the private sector has not done a very good job. >> the government will do better? >> we have seen costs in the private sector go up two to three times the rate of inflation. >> the government takeover would be cheaper and more efficient than the private health sector? >> there would be more people covered and the cost would be lower if we had a government plan, a government -- >> is there anyway to prove that contention? >> no, i hear what mark is saying. and by the way this congressman is someone who said we should unionize doctors. we have a veterans administration who is doing health care that was not so
revenue that is $819 billion greater than your line -- you have $807 billion in your tax increase built into it because it seems the expiration of the tax cuts for higher income earners and assumes the state tax subvert -- reverts back to 2009 levels. >> our baseline assumes, consistent with where there was bipartisan agreement in december, we would permanently extend the middle-class tax cuts and we would have estate tax relief. we did not have a long-term agreement on the upper-income rates or the richer -- we tried to construct a baseline so the difference would be clear. >> adding the additions in the base line of revenue increase, that is about $1.6 it is debt service on top of that. 709 for the upper income, 147 in debt service. >> let me get to this. i have a lot of questions and i am willing to send you more. your economic assumptions, how you achieve the claims you're making. i want to ask you how you make these economic assumptions. you are expecting robust growth with real gdp growth above 4%, much higher than the private sector blue-chip. i find it interesting that this mark
in the sales tax. >> iyou went to a community meeting and asked 30 people, if you had to choose between raising 700 milon by increasing the gas tax by 18 cents, or by increasing the sales tax by a penny, most people would say -- they did not want to do either, but if they had to do one, the sales tax is a less painful and more palatable way to go about th. >>is reasoning behind that, he sasays because -- a good way for the environment less reliance on gas. the gasoline tax is not revenue -- generating revenue at once dead. >> i was surprised. he and his counterparts have sparred over time on a number of issu. he gave gov. mcdonald credit r recognizing that the gas tax is generating less and less overtime becse of greater fuel effificiency, hybrid vehicles. you have to find a new source. for the governor, that means this p push, and we will s see if f it becomes part of his legislave package this year. adding a penny to the sales tax. >> peter morici, you think th is aousy idea and you are not alone. the wall street editoal pag blasting gov. bob mcdonnell. they say is a bad idea because it let d
it is fair and right to have a 1% cap on out-of-work benefits, a 1% cap on tax credits, and a 1% cap on public sector pay. what is inexplicable is the position of the labour party which supports a 1% public sector pay cap but wants more for welfare claimants. that is not fair or right and it should think again. >> ed miliband. >> can the prime minister tell us why on monday when he published his mid-term review he failed to publish his audit of coalition broken promises? >> we will be publishing absolutely every single audit of every single promise -- all 399 pledges set out in the mid- term review. unlike the labour party, the audit will be full, frank and completely unvarnished and the right honorable gentleman will see it this afternoon. let me perhaps remind him of some of those pledges. we said we would cut the deficit and it is down by 25%, we said we would cut immigration and it is down by 25%, we said we would rebalance the economy and there are 1 million private sector jobs. that is a record to be proud of. >> i am afraid the prime minister will have to do better than that.
is halfway house to single payer . man date taxes are too low. hold on a second, mark. more people are going to be dumped in a government. by the way, hang on. nixon. hang on . no, we are not. it would cost trillion. let me finish, mark i beg your pardon. >> it was enacted in britain and can dampt they have fewer mri machines and the wait list are long. >> morgan, when we look for a solution that really works, what we think of is putting the individual back in charge . when an individual is in charge of the cost and care that he or she is receiving, aren't they more responsible? whatever plan we work for isn't that the goal to put them in charge? >> it is it a great concept and going back to the idea of medicare. we will have to take a red pin to entitlements in general. >> last word for morgan. thank you. >> an amazing person . yeah, he's incredible and amazing. >> it is always -- it is always exciting. so it is exciting. >> neal cavuto is going to washington. he's the president guest of the honor in the inauguration . he is hosting special live coverage 11:00 a.m. on the fox business netwo
do you keep caving on taxes? why do you do nothing about spending? how is it, a party that lost its bid for the white house, acts like all of a sudden it lost the house? you didn't. stop behaving like you did. after all, voters returned aren't to body that sets all spending issues, why the heck are republicans on defense on spending issues? what happened to their backbone? more to the point, what happened to their soul? tonight, meet the folks who have been brought in to perform a exorcism on the right. they are michelle field, and alan west, you know their faces, get ready for them to get in liberal's faces, by waking up some very young voters, they are launching a web show, called, next generation. and if you are young, hot and bothered, they want to get you jazzed, angry and involved, welcome you to both. alan west, unleash now. from congressional jobs and duties, what do you want to do here? >> neil, i think post -- most important thing, being father of two teenage daughters, take my insights on the issues and perspective, and take those issues to next generation, and let know h
, days after americans see a bigger chunk of their first check of the year going to social security taxes. something rotten may be at apple. the stock is dropping, taking with it the nasdaq and a whole lot of mutual funds. so should you get ready to bite? go into apple on the report that scott just talked about. and check out the brand new corvette. iconic car, maybe even more beautiful than it's ever been. that's one of the things on display at the detroit auto show. we will take you to motor city live. but first to sue with the new york stock exchange. >> ty, you saw it moment ago on cnbc. president obama finishing up his news conference in washington. topic number one, debt ceiling deadline. john harwood is at the white house. lines are drawn, john. >> sue, they were drawn very starkly by the president. he asserted that american people vendcated his approach to deficit reduction in the recently passed election. he said he was willing to negotiate over ways to cut the deficit in the future but he accused house republicans of playing a hostage game with debt limit in the debt ceiling ver
the white house won't deliver its own budget in time and still wants to raise more taxes. we're about to hear a response from a republican house member. >>> that's not all. fed chief ben bernanke is saying it must raise the debt ceiling and that the fed is going to keep buying bonds for now. on this one-month anniversary of the heinous, awful newtown shootings, the sheriff comes out in favor of banning assault weapons. "the kudlow report" begins right now. >>> first up tonight, president obama slams the republicans. he says no gimmick, no magic coins. just the plain old standoff on the debt ceiling. who is gonna blink first in this? john harwood joins us from washington with the details. good evening. >> good evening. the president used the last news conference of first term to draw an ever-brighter line with congressional republicans on the debt ceiling. they say they want dollar for dollar spending cuts to be matched with an increase in the debt ceiling. the president said i'll negotiate with you, but not over the debt ceiling. he simply is not going to allieu republicans to take th
up with to give tax credit for those turning in assault weapon. and commission that looks at the overall problem of the mass violence. >> bret: shannon bream, thank you. get insight now from senior political analyst brit hume on both stories and the tone of the news conference today. good evening. >> what is interesting to see the tone and tenor of today, the last news conference of the first term? >> if you heard it and you didn't know when it was, you might think that the election campaign is in full swing. unusually partisan. most presidents may make a quiet reference to other part party. this president is more directly partisan than under normal circumstance than i can remember. i think he senses that the republican party is in bed with the public and if he deepens that problem for them, it softens them up to do things his way. but he was strikingly partisan. >> bret: what does it por tepid for debt ceiling negotiation? >> this is a place where the republicans have more leverage than in the recent fight over the fiscal cliff. the law already was going to raise taxes on
this. the governor wants to nix the gas tax in the new trappings plan. that works out to 17 cents per gallon. the average cost of a gallon is 3.28 cents so this would 3.10 in one swoop. bob mcdonald. good to have you. what reaction have you gotten? >> it's a big and novel plan. people are still evaluating it. it's a lot of use of our general fund money and putting money into transportation. converting the gas tax, getting rid of that and converting it revenue neutral to a sales tax which grows. gas tax has been in decline because of fuel efficiency, so people are still looking at it. we had a number of major endorsements and some conservative leaders. speaker. house is patron of the bill but there is a lot of education to do because we have to fix our transportation system in virginia. >> neil: what is interesting your colleague in louisiana, bobby jindal wants to get rid of the taxes, sales tax to compensate. isn't that kind of robbing peter to pay paul. taxes have to be paid through some monies. >> let's say prudent tax policy is based on an idea that taxing consumption as opposed t
>>> how washington's tax deal affects you, the small business owner. why minimum waging your inventory is crucial to keeping your company alive, and how to get customers to buy after the holidays. it's time to make money coming up next on "your business." small businesses are revitalizing the economy, and american express open is here to help. that's why we are proud to present "your business" on msnbc. hi there, everyone. i'm j.j. ramberg, and welcome to "your business," the show dedicated to giving you tips and advice to help your small business grow. for small businesses, the uncertainty of last year has carried over into 2013. the good news. the national federation of independent business optimism index was up slightly in december. the bad news. the index is still at recession levels. the index for this month is expected to be impacted by the fiscal cliff tax deal passed by congress. that deal negotiated between vice president joe biden and senate republicans ends the payroll tax holiday, raises taxes on those making over $400,000 a year and increases capital gains tax ra
and stimulating through the tax code and i mean, there's an absurd notion if you tax people making $400,000 a year and. >> neil: you're not following the script. you opened with a relatively easing savings. >> and save stuff by-- >> and what do you think about this. >> if it were that easy it would have been done already and these congress people are not as stupid as you think, although mr. nixon did once say that most congressmen are not fit to be dog catchers, but-- dog catchers pretty sad job. >> it's not as easy as you think or else it would have been done and also the-- >> i disagree, ben, because it is easy, but, obvisly, each party clings to its more dog mattic starts and making it impossible to be rational. >> it's simple, but not easy. the tragic part of this is even with the savings, the deficit and accumulative federal debt-- instead of an act of heroism such as never has been seen on capitol hill before. >> neil: that part you're right. adam. >> i would state this differently. the cbo is playing math games, that's fine. cut 1%, this is what you get. what they're not playing is politica
be having heart ark tax. if you go to the emergency room and you don't need to be there, it's not good for you or anyone else. >> and there's a lot of germs. thanks so much, doctors. stay well, everybody. >> wash your hands. >> jamie: vice-president joe biden getting ready to prohibit his gun control recommend eggs to president obama on tuesday. just about a month after that gunman opened fire inside the connecticut elementary school and killed 20 children. good morning, everyone. welcome to a brand-new hour, america's news headquarters. much more to come. >> eric: i'm eric shawn. good morning. the vice-president suggested last week, he may support universal background checks and banning high-capacity gun magazines. two proposals the national rifle association and others are bound to fight. peter doocy is in washington with more on the plan that is expected to be unveiled this week. >> reporter: good morning. eric, the national rifle association does not think congress can pass an assault weapons ban or a restriction on high-capacity ammunition. and the nra president explained today, h
:00 a.m. l melissa: i melissa francis and here's what's "money" tonight. are no state income taxes the next big thing? feels like it. nebraska is the latest to consider ditching them for good. but unlike other recent proposals nebraska governor dave heineman says he is not going to raise other taxes to make up for it. hmmm. he will join us to explain just how that could possibly work coming up. >>> plus, an offer from the islamic militants holding two americans hostage in algeria. they will release them in exchange for two convicted terrorists currently in u.s. prisons. could attacks like this against oil and gas facilities become a new tactic in the war against terror? we'll hear from today's power panel. >>> we're shelling out big bucks for purell, flu shots, respiratory masks, tamiflu like there is no tomorrow and people are still getting sick in record numbers. drug companies may be profiting. are we just wasting our money? we'll get to the bottom line. even when they say it's not it is always about money. melissa: all right. first today's market moment. a slate of strong corpo
wanted to make a comment about the tax code system. it's so complicated. i think that the government wants to do something to help out the economy, they could institute a fair tax or a flat tax, something like the libertarian candidate gary johnson was advocating last year where if you buy something you just pay the tax on it, there is no more income tax or corporate tax but a consumption type flat tax. host: do you think that would work? caller: i think that would eliminate all these loopholes people take twn tax code system. if you're married, own a house, have children, you get all these deductions and if you don't have any of those things, then you don't get to take any of those deductions so it's just not fair. if your income comes from capital gains there is a different tax rate for you. if the government wants to help bring the economy back, make everything fair across the board as far as taxes go. host: thanks for the call. we welcome our listeners and our focus this morning the role of government in solving america's problems. it was something that dwight eisenhower talked a
with this economic reality. you know what? my constituents are going to pay for it in their taxes. what no one seems to want to talk about in the media. yes, congress will pass an emergency bill and exceed the spending cap congress voted on and then your taxes will be the makeup for that because there is no other place to get it from. >> neil: i admire your guts to stand up to the likes of chris christie, who said, quit playing games and pass the aid. you are saying, we are playing game fist we pass this kind of aid. >> chris christie is a great governor. he's right. the emergency aid nides to be there, the money that will go to the local community, which is about $17 bimmion of this $50 billion aid package. so we bailed out the fema relief insurance fund. okay? we know that that has been operating at a deficit. it's still in the red right now. this is going to prolong the agony. if we don't fix the core spending problem, we are not going to have money for another disaster. >> neil: i suspect they won't. they have taken some of the fat out. but i am talking in terms of million, not billions. >> mill
's at the top of the hour, you do not want to miss it. now to taxes and what we're calling many state by state tax revolt. five states are looking to eliminate state income taxes for people and corporations, they are louisiana, kansas, north carolina, oklahoma, and nebraska. if you wouldn't know it, the governor of nebraska, david henman is here and he's going to explain. thanks for joining us this morning. all of a sudden, did these states have the same epiphany or the same realization that there's only way to get the local economies going and that would be to change their taxes? >> well, i would tell you, charles, we have all looked at the economy that we're competing in, which is worldwide, and we know we need to be more tax competitive. i want to create more jobs in this state, our state, for citizens and higher paying jobs and the way to do that is to have lower income tax rates and corporate rates and in our particular case, i'm proposing the complete elimination of the income tax and the corporate tax rate. we do that by repealing some of the sales tax exemptions that we've granted over
's our fault. is a carbon tax coming? yeah, art laffer on that, too, apple may be below 500 bucks a share, we'll tell you. we've got it all. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. >> we're coming right up on the opening bell. this monday morning, we're expecting stocks to go down just a little in the opening. a very small amount, and the well has stopped ringing and that means we're open for business. what's the opening t
an amazing kind of -- [ applause ] >> mike: the president said he raised taxes on the rich to raise taxes on the middle class. why is the middle class being taxed more. coming up country super star john rich and business owners travis perry and william march join me to talk about how taxes are affecting them and their employees. stay with us. i would like to hear from you go to my web site mike huckabee.com and tell me what you think from the lead feedback section. or sign up for facebook page and follow me on twitter. you can find a link to that and morororororor >> if you have got a job and got your first paycheck of the new year, i bet you have noticed that your pay was less than the amount of your last check of 2012. and you are not the only one. thousands have taken to twitter to give their thoughts on the new payroll tax increase. here is just a few samples. one said just noticed all my employees part time hourly and et cetera will have more tax dollars taken out of their checks contrary to president's promise. liar? another one says did new tax goes into effect today? something i d
said he raised taxes on the rich to raise taxes on the middle class. why is the middle class being taxed more. coming up country super star john rich and business owners travis perry and william march join me to talk about how taxes are affecting them and their employees. stay with us. i would like to hear from you go to my web site mike huckabee.com and tell me what you think from the lead feedback section. or sign up for facebook page and follow me on twitter. you can find a link to that you can find a link to that and mororothe boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. >> if you have got a job and got your first paycheck of the new year, i bet you have noticed that your pay was less than the amount of your last ch
, but we haven't looked had to do about overhauling tax system, which would you want to raise revenue, you could do in could do in the way bad for the economy hallway discussion helps increase competitiveness and modernizes our tax system. so we know what the answers are. were going to fight it the specifics, but we don't know at what point the political system is going to be willing to make all those traces, which are difficult compromise on both sides and put this issue to rest so we can go back to all the other things were going to fight about. the fact you can sue a policy solutions are more passed the tennis doesn't matter, but everybody recognized the threat that she can't possibly imagine a real growth, and without a sense of stability from knowing what changes obesity you can not planning, investments, job creation, all the necessary pieces of moving the economy forward. but the big wild card is when people are willing to make these type choices instead of using them to fight in the normal political boxes. what do i think's going to happen next? it's often a different path. if you
and they are equally inaccurate i think. >> host: and let's talk about taxes. this might be the only book published in 2012 the talks about grover norquist and james madison. when it comes to the issue of taxes and what role the government has in taxing the population and using the revenues it raises, what is the history from the 18 century and how has the right-wing use that history today? >> guest: well, americans have never liked taxes. they didn't like taxes without representation. they didn't like taxation with representation. they revolted a few times in the shea rebellion in the whiskey rebellion. there was a quite a bit of anti-tat sentiment around. that said, the constitution is virtually unlimited in the taxing power gives to government and hamilton wrote six federalist -- about the need to collect taxes. and in merrick, in a number of places it says i think very straightforwardly, it doesn't make it to the -- version these federalist essays but is politically difficult to vote to raise taxes and it's always going to be politically difficult to vote to raise taxes. if you do not ever want
, a big hoax, you'll hear the wild story next. and payroll taxes going up across the board, but a governor has a plan to eliminate his state income taxes, is he the governor of your state? he's hear. did you hear what former president bill clinton said about his wife, secretary of state hillary clinton? you're going to be surprised and hear from president clinton himself coming up. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. [ male announcer ] marie callender's puts everything you've grown to love about sunday dinn into each of her pot pies. tender white meat chicken and vegetables in a crust made from scratch. marie callender's. it's time to savor. [ male announcer ] finally mom's oven baked taste... straight from the microwave. lik
football stair is at the center of a hoax, a big hoax, you'll hear the wild story next. and payroll taxes going up across the board, but a governor has a plan to eliminate his state income taxes, is he the governor of your state? he's hear. did you hear what former president bill clinton said about his wife, secretary of about his wife, secretary of state hilililililil [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. just like you. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the rd like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanes
, of course, in the middle east. but up first, the biggie, taxes. here's christine romans. >> reporter: the challenge, tax reform. for the first time in 20 years, taxes are going up for the rich. they'll pay a higher top marginal income tax rate, higher taxes on dividends and capital gains and a higher estate tax rate, but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in the society, very tiny percentage. i frankly think that there are more taxes coming and they will bite deeper into the middle-class. >> reporter: in fact, two-thirds of americans will pay higher taxes in 2013. the tax fight for the middle-class comes from the end of the payroll tax cut, a temporary tax break that wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republ
social for media. next, california led the way to tax cuts. now it's leading the way to tax hikes and a budget surplus. mitch mcconnell. can you hear me now? the natural energy of peanuts and delicious, soft caramel. to fill you up and keep you moving, whatever your moves. payday. fill up and go! at cepacol we've heard people are going to extremes to relieve their sore throats. oh, okay, you don't need to do that. but i don't want any more of the usual lozenges and i want new cooling relief! ugh. how do you feel? now i'm cold. hmm. this is a better choice. new cepacol sensations cools instantly, and has an active ingredient that stays with you long after the lozenge is gone. ahhh. not just a sensation sensational relief. who is this? that's pete. my... [ dennis' voice ] allstate agent. a "starving artist" has an allstate agent? he got me... [ dennis' voice ] the allstate value plan. it's their most affordable car insurance and you still get an agent. [ normal voice ] i call it... [ dennis' voice ] the protector. is that what you call it? the protector! okay. ♪
will you join me in my thinking our panelists. [applause] representative live in discusses tax policy and deficit reduction. he spoke at the briefing today hosted by the christian science monitor for an hour. >> thanks for coming. i'm dave cook from the monitor. welcome to the first breakfast of the new year. the guest is representative sander levin of michigan cranking member of the house ways and means committee. this is the first visit of the group. he did for deily to detroit native and the university of chicago, master's and international relations of columbia and a law degree from harvard who was elected in the michigan state senate in 1964 and served as a senate minority leader during the carter administration he was assistant administrator of the agency for international development elected to the house in 1982. for four years after his brother carl was elected to the senate. in march, 2010, representative levin one the gavel of the chairman of the ways and means committee. in the biographical portion of the program now on to the thrilling portion. as always we are on the reco
neighborhoods. let's remember that. but still some homeowners find that they owe back property taxes and maintenance fines on a home they thought they'd lost. maria? >> all right, diana. stay there. we want to get reaction now within real estate from real estate attorney sherry oliphson. good to see you. >> thanks. >> should a process be in place to avoid the zombie foreclosures? >> well, absolutely. i mean, we've learned through this crisis that foreclosure litigation is unlike any other litigation. we have time frames as a result of the robosigner and others that diana referenced for banks to complete short sale processes and notification requirements 37 and these other requirements if foreclosures are not going to be pursued need to be enforced. not only for the homeowners but also for the neighbors and for investors in those banks. we're talking about as many as 2 million mortgages that are in zombieland. who knows what financial impact that's going to have when it shows up on the bank's books? >> sure which is what diana was reporting. should the banks have a time limit to decid
inaccurate i think. >> host: let's talk about taxes. published in 2012 that talks about a grover norquist and james madison. so, how and when it comes to the issue of texas or taxes with representation. they revolted a few times and our shays' rebellion, the whiskey rebellion, there were -- there was quite a bit of anti-tax sentiment in america. that said, the constitution is virtually unlimited in the taxing power that it gives to the government, and hamilton road 30 through 35 about the need to collect taxes and there are a number of places that says i think very straightforward that doesn't make it into the glenn beck version that says it is politically difficult to raise taxes and that is all this could be politically difficult. q. do not ever want to do anything to add a structural difficulty by putting something in the constitution to limit the ability to raise taxes because you cannot receive the future that it is dramatically irresponsible to do something like i don't know to get pledge and you'll never in your life as a legislator vote to increase taxes, but that is dramatically
it on your social for media. next, california led the way to tax cuts. now it's leading the way to t t t t t t t t t t t t t t t t t t t t t t t t t t t t before the sneeze, help protect with a spray. before the tissue, help defend with a wipe. before the cold & flu season help prevent with lysol. because when you have 10 times more protection with each hand wash... and kill 99.9% of germs around the house with each spray... those healthy habits start to add up. this season, a good offense is the best defense and lysol has your family covered because that's our mission for health. >> john: four years ago california was in a state of near financial ruin. after six years after the governator they hit a high of $42 billion in 2009. shocking after the voters of california decided to entrust their economy to an austrian weightlifter. but as governor jerry brown begins his third year as governor he announced that in the next fiscal year california will have a surplus of $851 million. so from a negative $42 billion to a positive $851 million in under four years. john boehner, can you hear
problems that get thrust upon them as a consequence of diminished tax bases and the consequence of housing, the significant portion of the public and their states that are in most need. we're committed to having a third phase of the so-called big deal on the budget. we're of the view that just as it took during the clinton administration, it didn't happen in one fell swoop to get our economy in great shape and move toward a balanced bump started off with three phases. started with president bush's actions, the first president bush, in terms of taxation, before president clinton took office. then the actions the president took in '94 and then in '97. well, we think there's a third phase here that can set our country on a path that will allow us to get our debt, the gdp, our deficit to gdp, down around 3%, which is the basis of which all economists left, right, center, agree, are the areas which we really can begin to grow as a country. and also my grandfather used to say, with the grace of god and good will of the neighbors, cooler heads will prevail between now and the time we deal with th
taxes as the most important issues facing american small businesses and that's double the response for any other issue. the next two were government and relagz. in other news, walmart will announce a plan to hire every veteran that applies for a job. the only requirement? the vets need to have retired from the military within the last year. >>> the house will begin to debate on a $51 billion plan for superstorm sandy victims. more than 90 amendments will be filed by friday. earlier this month, lawmakers approved $9.7 billion to help pay flood insurance claims from the storm. the senate is expected to pick up whatever legislation the house approves, but things are getting testy at this point. you are talking about over 75 days i believe at some point since the storm actually came through. governor chris christie of new jersey has been making harsh comments about how you will not expect in the past of seeing any of the representatives from this area of the country who were voting down bill toes help aide flood and victims in iowa. he doesn't want to see breaking down into you scratch
generation. and they're equally inaccurate, i think. >> host: so let's talk about taxes. this might be the only become publishedded in tw 2011 that talks about grover nord nordquist. what is the history, tell us from the 18th century and how has the right wing used that history today? >> americans never liked taxes. they didn't like taxes without representationment they didn't like taxation with representation. they revolted a few times, the whiskey rebellion. there was quite a bit of antitax sentiment in america. that said, the constitution is virtually unlimited in its taxing power it gives to the government, and hamilton wrote about that need to collect taxes, and in there -- a number of places he says, i think very straightforward, doesn't make it into the glen beck version, these essays -- but says that it's politically difficult to vote to raise taxes and always going to be politically different to vote to raise tacks. you do not ever want to do anything to add a structural difficulty by putting something in the constitution to limit the ability to raise taxes because you can'
inaccurate. >> host: that's talked about taxes, grover norquist and james madison. when it comes to taxes and what will the government has in using the revenues it raises, what is the history from the 18 century and how is the right wing is that history today? >> guest: americans ha n liked texas. they did not like taxes without representation or taxation with representation. they revolted a few times. whiskey rebellion. there was quite a bit of antitoxin demint in america. that said, the constitution is virtually unlimited taxing power and hamilton wrote 32, 35 about the need to collect taxes and in their, a number of places say very straightforward, but it's politically difficult to vote to raise taxes and i was going to be politically difficult. you do not ever want to do anything to a structural difficulty by putting something to raise taxes because you can't foresee the future. it is dramatically irresponsible to do something like take a pledge saying he will never in your life if the legislature vote to increase taxes. but that would have -- that is dramatically directly opposed to
. it is within our reach to strengthen marriages and families. it is within our reach to reduce taxes. it is within our reach to lead in job growth and energy independence. it is within our reach to balance our budget and meet the needs of our people. our place, kan., must show the path, the difficult path for america to go in these troubled times. .. the and >> we and shannon >> thank you. >> that was governors sam brownback with the state of the state address. we now go to senator anthony headley for the democratic response to enact we have been talking that the string that we have time. we have talked about how i have a dream. we will somehow realizes principles and the declaration of independence. i think he was just inspired by that moment. >> sunday on "after words", clairborne carson recalls his march on washington. it is part of three days of the tv this weekend on monday featuring authors and books from the inauguration. president obama, and martin luther king jr. >> every weekend latest nonfiction authors and books are featured on booktv. you can see past programs and schedu
for being outspoke been a-- (applause) >> the president said that he'd raise taxes on the rich to help the middle class. so, why is the middle class being taxed more? coming up, country superstar john rich and small business owners travis perry and william marsh join me to talk about how taxes are affecting them and their employees. stay with us. i'd like to hear from you, go to my website, mikehuckabee.com. tell me what you think. or sign up for my facebook page and follow me on twitter. find a link to that and more on mikehuckabee.com. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. ze
until after april 6th. that's when the top income tax rate in the country will drop the 45% from 50. the strategy relates to bonuses that were deferred from 2009, 2010 and 2011. goldman brought forward payments of deferred stock to executives in the united states to 2012 in order to beat tax hikes implemented for top earnses in 2013. we will talk more about bonus season later today with alana einstein. >> it shows you how crazy it is when all of these countries have moving targets for taxes. everybody plays around the corners and tries to evade as much as they can. >> i guess al jazeera gore missed by a day. >> you're saying he should have sold? >> he's trying hard but, anyway, he's worth more than romney now. >> i did hear that. >> how much is he worth? >> like 100 million from selling his left wing green outfits to the -- one of the biggest oil -- i love him. anyway, yeah, i don't want him to blow it all on food and stuff like that. >>> and swatch is buying the luxury jewelry arm of harry winston for $750 million in cash. swatch is the biggest watchmaker by sales and the latest de
loopholes through tax reform, which speaker boehner has acknowledged can raise money in a sensible way, and by doing some additional cuts, including making sure that we are reducing our health care spending, which is the main driver of our deficits, we can arrive at a package that gets this thing done. i'm happy to have that conversation. what i will not do is to have that negotiation with a gun at the head of the american people. the threat that unless we get our way, unless you gut medicare or medicaid, or, you know, otherwise slash things that the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. that is not how, historically, this has been done. that's not how we're going to do it this time. [ inaudible question ] chuck, what i'm saying to you is that there is no simpler solution, no ready, credible solution other than congress either give me the authority to raise the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling. because this is about paying your bills. everybo
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